LaSalle Hotel Properties (LHO) : The consensus on LaSalle Hotel Properties (LHO) based on 13 analyst recommendation on the company stock is 3.15, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
LaSalle Hotel Properties (LHO) : The consensus price target for LaSalle Hotel Properties (LHO) is $25.3 for the short term with a standard deviation of $4.06. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $15.
Company shares have received an average consensus rating of Hold for the current week
LaSalle Hotel Properties (NYSE:LHO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.86 and $26.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.15, notching a gain of 0.85% for the day. The total traded volume was 929,320 . The stock had closed at $26.92 on the previous day.
Lasalle Hotel Properties is a self-managed and self-administered real estate investment trust (REIT). The Company buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets. As of December 31, 2014, the Company owned interests in 45 hotels with approximately 11,300 guest rooms located in 10 states and the District of Columbia. LaSalle Hotel Lessee, Inc. (LHL) is the Companys wholly owned REIT subsidiary. Its hotels are leased to LHL that provides for rental payments. The Companys assets are held by, and all of its operations are conducted through, LaSalle Hotel Operating Partnership, L.P. (the Operating Partnership). The Company is the sole general partner of the Operating Partnership.